WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS
Western Copper and Gold (TSX: WRN) (NYSE American: WRN) has strengthened its strategic partnership with Mitsubishi Materials through an amended investor rights agreement extending until May 30, 2026. The agreement is contingent on Mitsubishi Materials purchasing 2 million common shares through open market transactions, which will increase their ownership stake to approximately 5%.
The share acquisition will be non-dilutive to existing shareholders as no new shares will be issued. The company's CEO, Sandeep Singh, highlighted this investment as a vote of confidence in both the team and the Casino Project, which is positioned as one of Canada's significant critical minerals projects.
Western Copper and Gold (TSX: WRN) (NYSE American: WRN) ha rafforzato la sua partnership strategica con Mitsubishi Materials tramite un accordo modificato sui diritti degli investitori, valido fino al 30 maggio 2026. L'accordo dipende dall'acquisto da parte di Mitsubishi Materials di 2 milioni di azioni ordinarie tramite transazioni sul mercato aperto, aumentando così la loro quota di partecipazione a circa il 5%.
L'acquisto delle azioni sarà non diluitivo per gli azionisti esistenti, poiché non saranno emesse nuove azioni. Il CEO dell'azienda, Sandeep Singh, ha sottolineato che questo investimento rappresenta un voto di fiducia sia nel team sia nel Progetto Casino, considerato uno dei principali progetti di minerali critici in Canada.
Western Copper and Gold (TSX: WRN) (NYSE American: WRN) ha fortalecido su alianza estratégica con Mitsubishi Materials mediante un acuerdo modificado de derechos de inversores, vigente hasta el 30 de mayo de 2026. El acuerdo depende de que Mitsubishi Materials adquiera 2 millones de acciones comunes a través de transacciones en el mercado abierto, lo que aumentará su participación a aproximadamente el 5%.
La adquisición de acciones será no dilutiva para los accionistas existentes, ya que no se emitirán nuevas acciones. El CEO de la compañía, Sandeep Singh, destacó que esta inversión es una muestra de confianza tanto en el equipo como en el Proyecto Casino, considerado uno de los proyectos de minerales críticos más importantes de Canadá.
Western Copper and Gold (TSX: WRN) (NYSE American: WRN)은 Mitsubishi Materials와의 전략적 파트너십을 2026년 5월 30일까지 연장하는 투자자 권리 계약 수정안을 통해 관계를 강화했습니다. 이 계약은 Mitsubishi Materials가 공개 시장 거래를 통해 200만 주의 보통주를 매입하는 것을 조건으로 하며, 이를 통해 보유 지분이 약 5%로 증가합니다.
이번 주식 매입은 신규 주식 발행이 없기 때문에 기존 주주들에게 희석되지 않는 투자입니다. 회사의 CEO인 Sandeep Singh는 이 투자가 팀과 캐나다의 주요 핵심 광물 프로젝트 중 하나로 자리 잡은 카지노 프로젝트에 대한 신뢰의 표현이라고 강조했습니다.
Western Copper and Gold (TSX : WRN) (NYSE American : WRN) a renforcé son partenariat stratégique avec Mitsubishi Materials grâce à un accord modifié sur les droits des investisseurs, étendu jusqu'au 30 mai 2026. Cet accord est conditionné à l'achat par Mitsubishi Materials de 2 millions d'actions ordinaires sur le marché libre, ce qui portera leur participation à environ 5 %.
L'acquisition des actions sera non dilutive pour les actionnaires existants, car aucune nouvelle action ne sera émise. Le PDG de la société, Sandeep Singh, a souligné que cet investissement représente un vote de confiance tant envers l'équipe qu'envers le projet Casino, considéré comme l'un des projets miniers critiques majeurs du Canada.
Western Copper and Gold (TSX: WRN) (NYSE American: WRN) hat seine strategische Partnerschaft mit Mitsubishi Materials durch eine geänderte Investorenrechtsvereinbarung bis zum 30. Mai 2026 verlängert. Die Vereinbarung ist daran gebunden, dass Mitsubishi Materials 2 Millionen Stammaktien über den freien Markt kauft, wodurch ihr Eigentumsanteil auf etwa 5 % steigt.
Der Aktienerwerb wird für bestehende Aktionäre nicht verwässernd sein, da keine neuen Aktien ausgegeben werden. Der CEO des Unternehmens, Sandeep Singh, betonte, dass diese Investition ein Vertrauensbeweis sowohl in das Team als auch in das Casino-Projekt ist, das als eines der bedeutenden kritischen Mineralprojekte Kanadas gilt.
- Strategic partnership strengthened with major industry player Mitsubishi Materials
- Non-dilutive transaction preserving shareholder value
- Increased institutional ownership showing confidence in company's direction
- None.
Western has entered into an amended and restated investor rights agreement (the "Agreement") with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026, subject to Mitsubishi Materials acquiring 2 million common shares of the Company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the Company. Upon completion, Mitsubishi Materials' equity ownership in Western is expected to return to approximately
"Mitsubishi Materials have been a supportive partner, and we are pleased to see them grow their ownership in Western," said Sandeep Singh, President and CEO. "Their continued support through this proposed new investment, made through non-dilutive, open market purchases, is another vote of confidence in the team and the Casino Project. The corresponding extension of rights reflects the productive and aligned relationship we've built, and we look forward to continuing to collaborate as we advance one of
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project,
The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.
For more information, visit www.westerncopperandgold.com.
On behalf of the board,
"Sandeep Singh"
Sandeep Singh
President and CEO
Western Copper and Gold Corporation
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.
Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.
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SOURCE Western Copper and Gold Corporation
FAQ
What is the new ownership target for Mitsubishi Materials in Western Copper and Gold (WRN)?
When does the new investor rights agreement between WRN and Mitsubishi Materials expire?
Will WRN shareholders face dilution from Mitsubishi Materials' share purchase?
What is the strategic significance of Mitsubishi Materials' investment in WRN's Casino Project?
